SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: January 18, 1996
(Date of earliest event reported)
Residential Funding Mortgage Securities I, Inc.
(Exact name of registrant as specified in its charter)
Delaware 33-54227 75-2006294
(State or Other Juris- (Commission (I.R.S. Employer
diction of Incorporation) File Number) Identification No.)
8400 Normandale Lake Blvd., Suite 600,Minneapolis,Mn 55437
(Address of Principal Executive Office) (Zip Code)
Registrant's telephone number, including area code:(612) 832-7000
Item 5. Other Events.
On February 29, 1996, the Registrant expects to cause
the issuance and sale of Mortgage Pass-Through Certificates,
Series 1996-S-5 (the "Certificates") pursuant to a Pooling
and Servicing Agreement to be dated as of February 1,1996,
among the Registrant, Residential Funding Corporation, as
Master Servicer, and Trustee to be named.
In connection with the expected sale of the Series
1996-S-5 Certificates, the Registrant has been advised by
Merrill Lynch (the "Underwriter"), that the Underwriter has
furnished to prospective investors certain collateral
information with
respect to the mortgage loans ("Mortgage Loans") underlying
the proposed offering of the Certificates (the "Collateral
Term Sheets"), which Collateral Term Sheets are being filed
manually as exhibits to this report.
The Collateral Term Sheets have been provided by the
Underwriter. The information in the Collateral Term Sheets
is
preliminary and will be superseded by the Description of the
Mortgage Pool contained in the Prospectus Supplement
relating to the Certificates and by any other information
subsequently filed with the Securities and Exchange
Commission.
The Collateral Term Sheets were prepared by the
Underwriter at the request of certain prospective investors.
The Collateral Term Sheets may be based on information that
differs from the information set forth in the Prospectus
Supplement.
In addition, the actual characteristics and performance
of the Mortgage Loans underlying the Certificates may differ
from the information provided in the Collateral Term Sheets,
which were provided to certain investors only to give a
sense
of the underlying collateral which will effect the maturity,
interest rate sensitivity and cash flow characteristics of
the
Certificates. Any difference between the collateral
information in the Collateral Term Sheets and the actual
characteristics of the Mortgage Loans will affect the actual
yield, average life, duration, expected maturity, interest
rate sensitivity and cash flow characteristics of the
Certificates.
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits
(a) Financial Statements.
Not applicable.
(b) Pro Forma Financial Information.
Not applicable.
(c) Exhibits
Exhibit No.
Item 601(a) of
Regulation S-K
Exhibit No.
Description
1 99 Collateral Term Sheets
Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this report to be signed
on behalf of the Registrant by the undersigned thereunto duly
authorized.
RESIDENTIAL FUNDING
MORTGAGE
SECURITIES I, INC.
By: /s/ Diane S. Wold
Name: Diane S. Wold
Title:Vice President
Dated: January 18,1996
EXHIBIT INDEX
Item 601 (a) of Sequentially
Exhibit Regulation S-K Numbered
Number Exhibit No. Description
Format
1 99 Collateral
TermSheets
P
EXHIBIT 1
(Intentionally Omitted)
